How to start a business

4. The money side

Funding is one the most important aspects when working out how to start a business. Avoid spending too much to start with - of course, you may have to invest in products or equipment to get going. If possible, avoid investing in anything that requires a big commitment - you don't want 3,000 cupcake cases in your cupboard just because you quickly realised that wedding cakes were more popular!

If you don't have the money to start with and you don't want a bank loan, you can see if you're eligible for a small government business grant. Check the Business Link website for details. You might also prefer to set up a business bank account - talk to your existing bank first then shop around for a good deal.

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